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Tuesday, June 5, 2012

Technical Downward Wedge: (NIHD), (KMR), (FTE), (EPIQ), (TIE)

Downward wedge patterns have been noticed on June 5 for the stocks NII Holdings Inc, Kinder Morgan Management LLC, France Telecom, EPIQ Systems, Inc, and Titanium Metals Corporation. The price range of these stocks is getting more narrow as the downward trend continues, thus signally the trend is losing steam. This sends a bullish signal to investors as the downward trend is ending.

Shares of NII Holdings Inc (NIHD) traded higher by 4.05% or $0.44/share to $11.31. In the past year, the shares have traded as low as $10.33 and as high as $44.01. On average, 3892850 shares of NIHD exchange hands on a given day and today's volume is recorded at 1256215.

Shares of Kinder Morgan Management LLC (KMR) fell by 1.13% or $-0.78/share to $68.39. In the past year, the shares have traded as low as $54.07 and as high as $81.93. On average, 365970 shares of KMR exchange hands on a given day and today's volume is recorded at 583853.

Shares of France Telecom (FTE) fell by 9.15% or $-1.18/share to $11.72. In the past year, the shares have traded as low as $12.46 and as high as $20.50. On average, 1946660 shares of FTE exchange hands on a given day and today's volume is recorded at 2272189.

Shares of EPIQ Systems, Inc (EPIQ) traded higher by 0.44% or $0.05/share to $11.53. In the past year, the shares have traded as low as $10.30 and as high as $15.08. On average, 115730 shares of EPIQ exchange hands on a given day and today's volume is recorded at 27500.

Shares of Titanium Metals Corporation (TIE) traded higher by 0.63% or $0.07/share to $11.21. In the past year, the shares have traded as low as $10.85 and as high as $18.90. On average, 1830840 shares of TIE exchange hands on a given day and today's volume is recorded at 843833.